Royal LePage Team Realty
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa
  • 422/424 NELSON STREET Ottawa

$2,180,000

ID# X9515118

422/424 NELSON STREET
Ottawa, Ontario K1N7S7

Flooring: Tile, Flooring: Laminate, Fantastic 6.32% CAP, NET $137,734, 4plex with opportunity to increase cashflow by approx. $36K with 2 permit ready vacant studio spaces. This almost immediate increase in cashflow will increase the value well beyond the capital invested to create the new units. Property operates with 4 never vacant student rentals, 2-4 bed 2 bth, 2-5 bed 2 bth - all on master leases. This is a very stable property that has operated under 1 management for 5+ years. The 2 spaces ready for development are at the back of the property and independent of the 4 existing units. Tenants pay all utilities but water. An incredible opportunity to own in the heart of the Sandy Hill. Vacancies are highly sought after by renters due to its central location, and its proximity to the University of Ottawa, the Rideau Canal, parks, shopping & dining. (id:25961)

INTERESTED IN THIS PROPERTY?

OFFICE: 613.725.1171

Courtesy of SLEEPWELL REALTY GROUP LTD

Listed on: May 08, 2024

On market: 204 days
Cooling Type Central air conditioning
Heating Type Forced air
Heating Fuel Natural gas
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Our Family Helping Yours

Elizabeth Stewart

REALTOR®

Spencer Cudney

REALTOR®

Royal LePage Team Realty,

1723 CARLING AVE.

Ottawa, ON

K2A 1C8

OFFICE: 613.725.1171

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